Light industrial to let in Westland Way, Stockton On Tees TS18

Location

The development is located in the established mixed use area of Preston Farm Industrial Estate comprising industrial, office and leisure properties between Stockton on Tees, 0.5 miles to the north, Ingleby Barwick (1.3 miles south) and Middlesbrough (4 miles east).

The development is situated on the east side of Westland Way which runs adjacent to 1825 Way. Nearby occupiers include Premier Blinds, Map Group (UK), Soccer Sensations and H & H Bathrooms.

Description

The development, which is due for completion in Summer 2023, comprises 16 modern light industrial units arranged as workshops with roller shutter access, WC and kitchenette. Each unit will benefit from parking. Subject to landlords permission it may be possible to install a mezzanine floor.

Accommodation

Units 1 - 3,5 - 9,1,614 sq ft ( 150 sq m )

14 - 16:

Unit 4: 4,036 sq ft ( 375 sq m )

Unit 10: 3,229 sq ft ( 300 sq m )

Unit 13: 2,960 sq ft ( 275 sq m )

Rating Assessment
The premises will be assessed for business rates once completed. Interested parties should contact Middlesbrough Council for exact rates payable.

Proposed terms

The units are available from Summer 2023 via a new Fri lease for a number of years to be agreed at the below initial rentals;

Units 1 - 3,5 - 9,14 - 16: £ 13,000 per annum
Unit 4: £ 26,000 per annum
Unit 10: £ 21,000 per annum
Unit 13: £ 20,000 per annum

The rent is exclusive of VAT, insurance, service charge and utilities.

The landlord is prepared to agree pre-lets, prior to completion of the development, with the payment of a 3 month rental deposit.

Legal costs

Each party will be responsible for their own costs in connection with the transaction.

Viewing

Strictly by appointment through this office
Paul Stevenson
Tel: Subject to contract